TAG Oil Ltd (TAOIF)

[futrcash]

I Really Like Tag's Proactive and Transparent Environmentally Responsible Approach!

This is by far the most Enlightened disclosure I've ever seen in the Industry-
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Near Term Timeframes contained in following quote-

PHASE 1 TIMING & ACTIVITIES
Phase 1 of the project will take nearly a year to complete. It commences with the permitting
and landowner consent process to acquire the seismic data, followed by the surveying of the
lines and drilling of the ‘shot holes’. The actual recording is expected to occur before and after
the Christmas period. Clean-up and remediation of the shot holes and lines follows in the New
Year.
It will take two months to process and interpret the seismic lines and finalize the well locations
to drill. Following that, we will permit and licence the wells, in March and April, 2012; and as
soon as possible, construct the road access and well pads.
Drilling will commence in early April, 2012. We plan to begin drilling in the South region, drill
the two wells there, then move north in about June of 2012. Each well will take about a monthto drill, though some may be quicker and some longer due to differing depths of the targets. By
August 2012, all drilling should be finished.
Testing is the activity whereby we stimulate or hydraulically fracture and flow back the wells.
Testing will occur for those wells we believe have found oil. Ideally, it will begin before the last
well has finished drilling, and all testing is to be completed before October, 2012.
The remaining months of 2012 will be spent evaluating the well results. There will be little
activity in the fields. We must make our decision to proceed to Phase 2 of the project or exit
the play altogether at the end of 2012.

futr